Category Archives: North Hollywood

West Hollywood & North Hollywood do have Rent Control

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West Hollywood and North Hollywood both do have Rent Control and are subject to the Rent Stabilization mandates of the City of Los Angeles.  West Hollywood and North Hollywood have awesome proximity to downtown Los Angeles as well as Century City for many employment opportunities, plus offer myriads of amazing shopping, dining, cultural and entertaining options very close by.

Rent Control and Rent Stabilization guidelines have helped keep both West Hollywood and North Hollywood more affordable for tenants for over thirty years.  Landlords also have clear guidelines on how to manage their rental fees, vacancies and sometimes evictions if needed.

If you are looking for a new apartment, condo or single family home to rent which is under Rent Control in West Hollywood or North Hollywood please visit MultiFamilyOWL.com  Our website is updated daily with available opportunities!

For Rent Sale Duplex multifamily income property los angeles ca north hollywood

North HollyWood Multi-Family Duplex Income Property For Sale, Ready To Rent! Los Angeles, CA

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Yesterday’s Most Viewed Duplex on MultiFamilyOWL.com was this amazing multifamily Duplex listed for sale by Pablo Gonzalez Strategic Realty 818-351-5120.  This awesome duplex is located on Arminta Street and features a 3 bedroom 2 bathroom apartment and a 2 bedroom 2 bathroom apartment.  This Duplex has plenty of upgrades and is ready to start receiving spectacular Rent Income!  To view more pictures, financials and in depth description of this Duplex For Sale and others similar in Los Angeles and surrounding cities please visit www.MultiFamilyOWL.com !

NORTH HOLLYWOOD, CA, FOR RENT, FOR LEASE
North Hollywood is a neighborhood in the San Fernando Valley region of the city of Los
Angeles and is a great place to rent multifamily, duplex, triplex, fourplex and larger commercial
apartment properties. Its job industry, conveniences, and attractions make this a great place to
live and there is a good market available to rent multifamily rental properties such as duplexes,
triplexes, and fourplexes. Since North Hollywood is in the city of Los Angeles, there is rent
control, unless the building falls under one of the exceptions, which are listed under the
definition of “Rental Unit” in LAMC 151.02.
North Hollywood’s population was 128,450 as of 2011. The median household income
in 2011 was $47,492, which is lower than the median for California ($57,287 in 2011). Renters
occupied 75.4% of the housing stock, and home or apartment owners the rest.
The city also enjoys being close to a variety of conveniences. The nearest major airport
is Bob Hope Airport (BUR). This airport has domestic flights from Burbank and is 3 miles from
the center of North Hollywood. There are a couple of hospitals close by, including The Valley
Presbyterian Hospital and the Valley Community Clinic. There are also a number of universities
and colleges near North Hollywood, with the biggest being the University of California Los
Angeles (UCLA) which has over 37,000 full time enrolled students and is only 16 miles away.
North Hollywood has many attractions, the most famous of which is the NoHo Arts
District where there are contemporary theaters, art galleries, cafes, and shops. The area
features more than 20 professional theatres producing new work and classics, diverse art
galleries, public art and professional dance studios. The district also features the largest
concentration of music recording venues west of the Mississippi. The $100-million, 292-unit
loft apartment project by Snyder is the first segment to be completed of NoHo Commons,
part of a “transit village” rising at the terminus of the Metro Red Line subway and the Orange
Line busway. Also planned are hundreds of other apartments, condos, stores and other
developments, including a high school.
Other notable attractions include the North Hollywood Recreation Center. The park
has an auditorium, lighted indoor baseball diamond courts, lighted outdoor baseball diamonds,
lighted outdoor basketball courts, a children’s play area, lighted handball courts, picnic tables,
an outdoor unheated seasonal pool, and lighted tennis courts. In addition the center has an
indoor gymnasium which can be used as a second auditorium and a community room; the
gymnasium’s capacity is 250 people. The Valley Plaza Recreation Center in North Hollywood
includes an auditorium, barbecue pits, a lighted baseball diamond, lighted outdoor basketball
courts, a children’s play area, a 40 person community room, a lighted American football field,
an indoor gymnasium without weights, an outdoor gymnasium without weights, picnic tables,
lighted tennis courts, and unlighted volleyball courts.
All of these features make North Hollywood a great city to rent multifamily rental
properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings.
This vibrant, diverse community has great attractions, a healthy work industry, and a high
number of renters. The desirability to live here make it an ideal location for multifamily living and
the city does have great duplex, triplex, and fourplex properties.
This information was gathered from nohoartsdistrict.com, city-data.com, and wikipedia

Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for rent in North Hollywood.
MultiFamilyOWL.com is California’s #1 multifamily investment property website to search thousands of multifamily real estate listings for sale, for rent and for lease throughout Orange County, Los Angeles and San Diego California. Find large commercial apartment buildings, duplexes, triplexes and fourplexes with MultiFamilyOWL’s advanced residential income property search features. The multi-family listings include in-depth descriptions, operating financials and high resolution property photos to help you get an inside look. Stay informed with our blog and be notified of new California multi-family and multi-unit residential income property listings by following our social media accounts. Email us atcontact@MultiFamilyOwl.com

north hollywood DUPLEX MULTIFAMILY INCOME PROPERTY FOR SALE

North Hollywood….PERFECT….. MultiFamily DUPLEX income property FOR SALE

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North Hollywood in Los Angeles County California may be the perfect city for multifamily DUPLEX income property investors to look for properties For Sale.  Although North Hollywood is under RENT CONTROL, rents are rising quickly and current Gross Rent Multipliers can be achieved in the 10.5-11.5 GRM on beautiful multifamily properties in outstanding locations.

Currently there are 30 MultiFamily Income Properties listed FOR SALE in North Hollywood, 7 of these active properties are DUPLEX MultiFamily income properties.  To view all the MultiFamily Income Properties currently FOR SALE in North Hollywood click this live link NOW !  An investor can expect to purchase a  DUPLEX in a good location with (2) two bedroom 1 bathroom units in the $475,000 range +/-.  Most of the short sale and foreclosure multifamily income properties have been cleared out of the inventory at this time.  However, to read a blog post I wrote a few months back on distressed multifamily Duplex income property in North Hollywood click this live link !

(All property details retrieved from multiple public real estate  websites, Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed)

North Hollywood is a neighborhood in the San Fernando Valley region of the city of Los Angeles and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. Since North Hollywood is in the city of Los Angeles, there is rent control, unless the building falls under one of the exceptions, which are listed under the definition of “Rental Unit” in LAMC 151.02.

North Hollywood’s population was 128,450 as of 2011. The median household income in 2011 was $47,492, which is lower than the median for California ($57,287 in 2011). Renters occupied 75.4% of the housing stock, and home or apartment owners the rest.

The city also enjoys being close to a variety of conveniences. The nearest major airport is Bob Hope Airport (BUR). This airport has domestic flights from Burbank and is 3 miles from the center of North Hollywood. There are a couple of hospitals close by, including The Valley Presbyterian Hospital and the Valley Community Clinic. There are also a number of universities and colleges near North Hollywood, with the biggest being the University of California Los Angeles (UCLA) which has over 37,000 full time enrolled students and is only 16 miles away.

North Hollywood has many attractions, the most famous of which is the NoHo Arts District where there are contemporary theaters, art galleries, cafes, and shops. The area features more than 20 professional theatres producing new work and classics, diverse art galleries, public art and professional dance studios. The district also features the largest concentration of music recording venues west of the Mississippi. The $100-million, 292-unit loft apartment project by Snyder is the first segment to be completed of NoHo Commons, part of a “transit village” rising at the terminus of the Metro Red Line subway and the Orange Line busway. Also planned are hundreds of other apartments, condos, stores and other developments, including a high school.

Other notable attractions include the North Hollywood Recreation Center. The park has an auditorium, lighted indoor baseball diamond courts, lighted outdoor baseball diamonds, lighted outdoor basketball courts, a children’s play area, lighted handball courts, picnic tables, an outdoor unheated seasonal pool, and lighted tennis courts. In addition the center has an indoor gymnasium which can be used as a second auditorium and a community room; the gymnasium’s capacity is 250 people. The Valley Plaza Recreation Center in North Hollywood includes an auditorium, barbecue pits, a lighted baseball diamond, lighted outdoor basketball courts, a children’s play area, a 40 person community room, a lighted American football field, an indoor gymnasium without weights, an outdoor gymnasium without weights, picnic tables, lighted tennis courts, and unlighted volleyball courts.

All of these features make North Hollywood a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, diverse community has great attractions, a healthy work industry, and a high number of renters. The desirability to live here make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.

Also serving other Los Angeles County Cities.This information was gathered from www.nohoartsdistrict.com, city-data.com, and wikipedia.Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in North Hollywood.

 

—Distress Sales— North Hollywood & West Hollywood

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North Hollywood and West Hollywood offer a huge stable tenant population, reasonable valuations and always an abundance of duplex, triplex and fourplex multifamily income property options for sale.

West Hollywood currently has over fifteen investment rental properties for sale, ranging from small duplexes starting at just over one million to large commercial apartment rental buildings listed for sale over five million.  However the purpose of this post is to highlight the importance of staying on top of Short Sale and Notice of Default (NOD) sales in neighborhoods you are invested in or looking to invest in.  Currently in North Hollywood there is a Short Sale duplex on Curson Avenue in escrow which was last listed at $582,000.  There is also a fourplex NOD Short Sale property in escrow last listed at $979,000 on Huntley Drive.  It might be a great idea to keep an eye on these two income properties, as Short Sales are notorious for being bought up by back-up buyers after the first escrow fails to perform.

North Hollywood currently has over thirty multifamily income properties listed for sale.  There is currently a huge inventory of great income producing duplex, triplex, fourplex properties, with several nice duplexes having asking list prices under $500,000.  There are currently four NOD and/or Short Sale multifamily properties last listed under $450,000 in escrow.  Using MultiFamilyOwl’s advanced search functions be sure to keep an eye on the status of these properties.